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The Role of Money in Two Alternative Models:When is the Friedman Rule Optimal, and Why?

Bhattacharya, Joydeep; Haslag, Joseph H.; Russell, Steven - Iowa State University of Science and Technology <Ames, … - 2004

In models of money with an infinitely-lived representative agent (ILRA models), the optimal monetary policyis almost …, and why. We investigate the welfare properties of monetary policy in a simpleOG model under two different types of money … demand specifications and under two alternative assumptionsabout the generational timing of taxes for money retirement. We …

Persistent link: https://www.econbiz.de/10009360919

A Survey of Blockholders and Corporate Control

Holderness, Clifford G. - School of Management <Boston, Mass.> - 2003

[...]In this paper, I survey the academic literature onblockholders and corporate control. As with any survey paper,I must be selective. Thus, I focus on empirical research, as Ibelieve that much of what we know about blockholders hascome through empirical investigations as opposed totheoretical...

Persistent link: https://www.econbiz.de/10005869806

The Monetary Transmission Mechanism: Some Answers and Further Questions

Kuttner, Kenneth N.; Mosser, Patricia C. - Federal Reserve Bank <New York, NY> - 2002

[...]The overall conclusion drawn from the research presented isthat monetary policy appears to have less of an impact on realactivity than it once had—but the cause of that change remainsan open issue. The conference papers explored threehypotheses en route to that finding. First, the...

Persistent link: https://www.econbiz.de/10005869851

Asia Crisis Postmortem: Where Did the Money Go and Did the United States Benefit?

Van Wincoop, Eric; Yi, Kei-Mu - Federal Reserve Bank <New York, NY> - 2000

[...]In our view, this apparently surprising immunity of the U.S.economy to the Asia crisis reflects the fact that the original wayof thinking about the crisis was flawed. First, it focused only ondemand-side channels and ignored the supply side. Second, thedepreciation of the Asian currencies...

Persistent link: https://www.econbiz.de/10005869933

Money, States and Empire: Financial Integration Cycles and Institutional Change in Central Europe, 1400-1520

Chilosi, David; Volckart, Oliver - London School of Economics and Political Science - 2009

advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long …

Persistent link: https://www.econbiz.de/10005870400

After the Great Debasement, 1544-51: Did Gresham’s Law Apply?

Li, Ling-Fan - London School of Economics and Political Science - 2009

the disappearance of good money over this period has provided any solid quantitative assessment of the effectiveness of …

Persistent link: https://www.econbiz.de/10005870464

The Effects Of The 1925 Portuguese Bank Note Crisis

Wigan, Henry - London School of Economics and Political Science - 2004

bank through which he concealed over £3m in counterfeit money.[...] …

Persistent link: https://www.econbiz.de/10005870587

Measuring Instruments in Economics and the Velocity of Money

Morgan, Mary S. - London School of Economics and Political Science - 2006

measure the velocity of money ranging from the 17th to the 20th centuries. These historical experiences suggest that numerical …

Persistent link: https://www.econbiz.de/10005870928

Time is Money: A Re-assessment of the Passenger Social Savings From Victorian British Railways

Leunig, Timothy - London School of Economics and Political Science - 2005

saving money to saving time came when railway technology stopped simply fulfilling existing demand more cheaply (travel for …

Persistent link: https://www.econbiz.de/10005870947

The bank lending channel revisited

Disyatat, Piti - Bank für Internationalen Zahlungsausgleich <Basel> - 2010

A central proposition in research on the role that banks play in the transmission mechanism is that monetary policy imparts a direct impact on deposits and that deposits, insofar as they constitute the supply of loanable funds, act as the driving force of bank lending. This paper argues that the...

Persistent link: https://www.econbiz.de/10005871023